Looking to balance out your exposure to PLTK? The ETFs below have the lowest correlation with PLTK — they tend to move on their own, which can help reduce risk when PLTK drops. The stock ideas table highlights individual companies that behave independently from PLTK.
Best Diversifiers for PLTK
1 ETFs have low correlation with PLTK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.28, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.34 | 0.44 | 73 | Nasdaq-100 | PLTK vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.38 | 0.45 | 70 | S&P 500 | PLTK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLTK and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.04 | 0.11 | 0.16 | 87 | Energy | |
| Alphabet Inc. Class A | 0.18 | 0.22 | 0.34 | 96 | Communication Services | |
| Crocs, Inc. | 0.26 | 0.28 | 0.35 | 50 | Consumer Cyclical | |
| Bitdeer Technologies Group Class A Ordinary Shares | 0.29 | 0.23 | — | 58 | Technology |
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